InvestorsHub Logo
Followers 72
Posts 102267
Boards Moderated 3
Alias Born 08/01/2006

Re: fuagf post# 86449

Wednesday, 11/25/2009 5:37:32 AM

Wednesday, November 25, 2009 5:37:32 AM

Post# of 489611
Kudos to Australia !!!! ... YES! .. ::))

Opposition backs Australian carbon reduction bill

Tidbits by memory: prices up little in beginning .. industry pays little or none .. households by 2012 extra $612/year, depending upon how much gas and electricity used .. farmers in maybe not 'til 2012, only for electricity and fertilizer (closer to Obama's position than Rudd was in the beginning) .. most things prices up about 1% or less early .. electricity 12% by 2012, gas 7% .. $49 billion compensation over 10 years .. low income households compensated 120% of gas and electricity extra costs (just thinking that could take away from goal of encouraging change of old habits), anyway, lol .. middle income households some compensation .. hopes that all will be encouraged to change old habits and modify energy et al practices. Don't hold me firmly to any of that, please. LOL



Australia's opposition leader Tuesday pledged his party's support for contentious legislation
proposed by the government aimed at curbing the country's greenhouse gas emissions.

AP/Nanet Poulsen 24/11/2009

Australia is one of the world's worst carbon dioxide polluters per capita because of its heavy reliance on its abundant coal
reserves. As the driest continent after Antarctica, it is also considered one of the most vulnerable countries to climate change.

Malcolm Turnbull (photo above) said his Liberal Party senators and senior lawmakers agreed
during a seven-hour meeting to support the Labor Party government's bill in a Senate vote this week.

While some Liberal senators have said they will refuse, Turnbull said Prime Minister Kevin Rudd's government
was assured seven Liberal votes needed to pass the legislation in the 76-seat Senate would be received.

"I am confident ... the legislation will be passed," Turnbull told reporters.

The Senate rejected similar legislation in a vote in August with only Labor's 32 senators supporting it.

The government responded by amending the package through five weeks of intensive negotiations with the Liberals.

The government on Tuesday released details of that compromise deal that increases financial assistance to major
polluters including electricity generators and ensures that farmers are not taxed for the methane produced by livestock.

The government plan would institute a tax on industries' carbon emissions starting in 2011 and limit Australia's
overall pollution. The government wants to slash Australia's emissions by up to 25 percent below 2000 levels
by 2020 if the United Nations can agree on tough global targets at the Copenhagen climate conference in December.

Rudd said he wants the legislation passed as an example to the world before he attends the Copenhagen conference.

"The world is also watching what happens here," Rudd told reporters. "Global momentum
toward an outcome on climate change, we're all part of that." (Photo: Scanpix/Reuters)

http://en.cop15.dk/news/view+news?newsid=2682

Note: congrats to Malcolm Turnbull, who has been under tremendous pressure from the
climate naysayers of his party. He has only survived as leader to now because those in
his party who see him as too Liberal had no viable alternative to fill the leaders shoes.

To the wingers about who will think poo poo .. thank you, Australia,
for rejecting the furthest far right whom our good friend the US suffers from.

Love to most, lol, .. oh, wth .. some caring for all .. even a tiny to the most miserable ones who may read this.

HUGE YIPEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!




Jonathan Swift said, "May you live all the days of your life!"

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.